President Barack Obama weighed in on the net neutrality debate in a big way on November 10, 2014 by posting a public statement on the White House's website. In the statement, President Obama noted that while the executive branch of the United States has no actual authority on the matter, he favors heavy regulation of internet service providers and believes strongly that the FCC should move quickly to enact strict regulation in order to protect consumers' Internet usage and download speeds.
The news sent shares of Internet cable providers like Comcast (NASDAQ:CMCSA) down as much as 5% while the statement was hailed by content providers such as Netflix (NASDAQ:NFLX) which stated "The President is right" on its corporate twitter feed. In the middle of this debate, and the ultimate decision maker on the issue, is the Federal Communications Commission. So what is the government body to do? Motley Fool Consumer Goods Analysts Nathan Hamilton and Sean O'Reilly weigh in on the news, what it means for consumers, and the likely outcome when a decision is finally made regarding net neutrality.
Nathan Hamilton has no position in any stocks mentioned. Sean O'Reilly has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.